A mixed background is being formed today. On the one hand, we can expect growth in quotations against the background of the continuation of the upward trend in the American stock market, inasmuch as weak statistics on the US labor market in September does not allow the Fed to move to a rapid reduction in QE. Insofar as this currency pair is historically correlated with the S&P500 index, the rise in the stock market will have a positive influence on it.

On the other hand, a decline in dollar interest rates on the interbank market in London may trigger a technical correction, inasmuch as this currency pair has grown strongly over the past three days.

Trading recommendation: flat 112.60 – 113.50.